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20130706
20130714
Search Results 0 to 2 of about 3 (some duplicates have been removed)
to happen. once morsi was taken into custody by the military, the markets took off at some point. what do you make of what the -- the market response to what's going on overseas? >> i think the thing that makes investors most nervous is just the uncertainty created by this kind of unrest. as soon as you get a little bit of clarity, i think investors calm down, at least for a while. >> mike, when all is said and done, what do you do with the stock market right now? you sound like a guy who expects the fed to be in this market for a while. does that bode well for stocks or not? >> it does bode well. it is continuing to because the stock market is basically outkick the coverage of the economy. the stock market's up in the teens this year. economic growth is measured by gdp is somewhere between 1% and 2%. i mean as long as the fed stays involved, that's positive for stocks but fundamentally you need corporate earnings. if corporate earnings don't grow, multiples will begin to get expensive. they aren't cheap right now but they aren't too expensive yet. >> are you buying anything right now? >>
was going to happen. once morsi was taken into custody of the military, the markets responded. >> what makes the investors nervous is the uncertainty that is created by this kind of unrest, as soon as you get a bit of clarity the investors calm down for a while. >> and mike, when it's all said and done, what do you with the stock market right now? i mean, you sound like a guy that expects the fed to be in the market for a while. does it bode well for stocks or not? >> it does bode well, and it's continued to, because the stock market is basically out kicked the coverage of the economy. i mean, the stock market is up in the teens this year. and economic growth is measured by gdp, somewhere between 1% and 2%. fundamental you need corporate earnings. if corporate earnings do not grow, you will see market multiples getting expensive. they are fairly priced right now, they are not cheap, but they are not too expensive yet. >> are you buying anything right now? >> we have been taking profits along the way. we run an asset allocation product where we are reevaluating and the stocks have provided in
Search Results 0 to 2 of about 3 (some duplicates have been removed)